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Piraeus Bank to price equity offering at 1.15 euros per share By Reuters

ATHENS (Reuters) - Piraeus Bank, one of Greece's four big lenders, will price its stock offering at 1.15 euros per share, at the upper limit of an indicated range, raising a total of 1.38 billion euros ($1.66 billion), sources close to the transaction told Reuters on Friday. Piraeus Bank launched the equity offering to raise between 1.2 billion and 1.38 billion euros via a placement with international investors and a domestic public offering. "The international placement was locked at 1.15 euros per share and that will be the pricing of the domestic offering," one of...

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Daimler raises profit outlook, sees potential Q2 sales hit from chip shortage By Reuters

By Nick Carey LONDON (Reuters) -Mercedes-Benz car maker Daimler AG (DE:DAIGn) on Friday raised its profit outlook for 2021, but said the global semiconductor chip shortage may continue to impact sales in the second quarter. Daimler said it assumed there would be some recovery in chip availability in the second half of this year but there was limited visibility at present. Chief Financial Officer Harald Wilhelm said underlying car demand was strong, but the chip shortage had prevented sales from reaching full potential. Wilhelm, speaking on a conference call with analysts, said lost production...

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IOC can’t stop athletes taking a knee in Tokyo: Britain’s Skinner By Reuters

(Reuters) - Britain's Olympic track cycling gold medallist Callum Skinner said the International Olympic Committee (IOC) would not be able to stop athletes protesting during this year's Tokyo Games. IOC Rule 50 forbids any kind of "demonstration or political, religious or racial propaganda" in venues and any other Olympic area. On Wednesday, the Games body concluded the rule should be maintained following a consultation process that started in June 2020 and involved over 3,500 athletes. IOC Athletes' Commission chief Kirsty Coventry, who led the review of Rule 50, said the majority of athletes they spoke to...

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Exclusive: Baidu’s auto venture to invest $7.7 billion into smart cars over next five years-CEO By Reuters

By Yingzhi Yang, Yilei Sun and Tony Munroe BEIJING (Reuters) - Jidu Auto, the electric vehicle venture between China's tech giant Baidu (NASDAQ:BIDU) and Chinese automaker Geely, aims to pour 50 billion yuan ($7.70 billion) into making smart cars over the next five years, Jidu's chief executive told Reuters on Friday. Xia Yiping said Jidu would aim to launch its first electric vehicle (EV) in three years, as is standard for the industry, but would make efforts to speed up that process. Its first model would look like a "robot" and would target young customers, Xia...

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Vivendi shares rise after French media group’s Q1 sales climb By Reuters

PARIS (Reuters) - Shares in Vivendi (PA:VIV) rose on Friday after the French media conglomerate, which is controlled by billionaire Vincent Bollore, posted higher first quarter sales. Vivendi's shares were up by 1.5% in early session trading, while the shares of Groupe Bollore also edged up 0.5%. Vivendi's sales were lifted by the prolonged strong performance of its music unit Universal (UMG) and a sales jump at its publishing division, which includes Editis. The Paris-based group is also seeking to cash in on the music industry's revival by listing Universal, home to singers such...

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Stronger pound, industrials drag FTSE 100 lower ahead of April PMI data By Reuters

(Reuters) - London's FTSE 100 slipped on Friday as industrial stocks fell and a stronger pound weighed on export-oriented companies, while investors awaited a flash reading on business survey data for April later in the day. The exporter-heavy index declined 0.4%, with large dollar-earning consumer staples companies Unilever (LON:ULVR), Diageo (LON:DGE), and British American Tobacco (LON:BATS) slipping between 0.3% and 0.9% as the pound strengthened. (GBP=) Heavyweight oil majors BP (LON:BP) Plc and Royal Dutch Shell (LON:RDSa) also fell and were among the biggest drags to the index....

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Japan factory output seen down again, retail sales up amid fragile recovery – Reuters poll By Reuters

By Tetsushi Kajimoto TOKYO (Reuters) - Japan's factory output likely fell for a second straight month in March, but retail sales were set for a solid rebound from the prior month's decline, a Reuters poll showed on Friday, underscoring a fragile recovery from the coronavirus crisis. The mixed batch of indicators will follow a government move to issue a third state of emergency in Tokyo and other major regions for April 25 to May 11 in a blow to service-sector activity, stoking fears of a double-dip recession. Under a new state of emergency, the government...

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Air Liquide’s first-quarter sales top expectations By Reuters

(Reuters) - French industrial gas company Air Liquide (PA:AIRP) posted better-than-expected first-quarter sales on Friday, driven by strong growth in its healthcare business and high medical oxygen demand caused by the global coronavirus pandemic. The company, which supplies gases such as oxygen, nitrogen and hydrogen to factories and hospitals, reported sales of 5.33 billion euros ($6.41 billion) for the first three months of the year, above analysts' 5.25 billion euros forecast. ...

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Asian shares shake off U.S. tax worries, cryptocurrencies plunge By Reuters

By Andrew Galbraith SHANGHAI (Reuters) -A key gauge of Asian shares rose on Friday, supported by gains in China and a decision by the European Central Bank to maintain stimulus, while investors largely shrugged off the impact of a possible U.S. capital gains tax hike. Modestly firmer equity markets contrasted with ructions in cryptocurrencies as investors fretted over the impact of tax changes. Bitcoin's rout deepened, dropping below the $50,000 level to a low of $48,338.37, its lowest level in nearly seven week. Ethereum plunged nearly 12% before trimming losses, and was last down about 7%...

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Anglo American workers ‘fuming’ about coal mine restart after blast – union By Reuters

MELBOURNE (Reuters) - Anglo American (LON:AAL) Plc has not kept its workers fully informed of its plans to restart an underground coal mine in Queensland following a blast that critically injured five people nearly a year ago, a union official said on Thursday. The miner reopened its Grosvenor coal mine after gaining regulatory approval on Wednesday, and has begun a staged restart, Anglo said. The mine was shut after the explosion last May, the company's second incident in 15 months in the area. "The workforce has said loud and clear that they...

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